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The New York Knicks and New York Rangers sell out Madison Square Garden just about every night, so James Dolan must be a lucky man.
Dolan has owned the Madison Square Garden Company since 1997 – his father, Charles, founded HBO and CableVision, so the Dolans’ pockets have been plenty full for plenty of time.
However, when the teams that call MSG home struggle, Dolan is public enemy No. 1 – mostly in Knicks land.
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James Dolan of the New York Knicks is seen before the game against the Los Angeles Lakers during the 2018 Las Vegas Summer League on July 10, 2018 at the Thomas Mack Center in Las Vegas, Nevada. (Garrett Ellwood/NBAE via Getty Images / Getty Images)
So while Dolan racks up insane figures nightly with the Knicks, Rangers, and plenty concerts, the stress of the fans gets to him.
In an interview with the New York Times, Dolan made a somewhat astonishing admission, despite the vitriol from fans.
“I don’t really like owning teams,” he said.
Dolan has had the opportunity to buy other teams, but he said the economics of pro sports is “kind of sleepy,” so he skipped. He also did say the Rangers and Knicks are “near and dear to my heart,” so he probably doesn’t want to add anything else to his arsenal.
But he does have a new endeavor.
An exterior view of Madison Square Garden prior to the game between the New York Rangers and the St. Louis Blues on December 05, 2022 in New York City. ((Photo by Bruce Bennett/Getty Images) / Getty Images)
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Dolan’s latest expense is the upcoming Sphere in Las Vegas, which cost $2.3 billion and has more than 700,000 square feet of video screens.
But in the sports world, Dolan knows what he signed up for as an owner, amid plenty of “Sell the team” chants at Knicks games.
“Being a professional sports owner in New York, you’re not beloved until you’re dead,” he said.
However, Dolan has become strict on those who criticize ownership at games, saying he doesn’t want fans there who attack him.
But being disgruntled about the teams’ performances is fine.
Executive chairman and CEO of The Madison Square Garden Company and executive chairman of MSG Networks James L. Dolan, model Marcela Braga and Tao Group partner Jason Strauss attend a game between the New York Knicks and the Phoenix Suns during the 2 (Ethan Miller/Getty Images / Getty Images)
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“If you held up a sign that says, you know, ‘Play better, this team sucks,’ you can do that. That’s part of being a fan,” he said.
The Knicks will look to make their third postseason in four years when the NBA season begins next month – the Rangers are aiming for three-straight playoff appearances.
